Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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U.S. wheat ending stocks forecast at 60-year low
WASHIINGTON, D.C., U.S. — The World Agricultural Supply and Demand Estimates (WASDE) report, released on Jan. 11, projected 2007-08 U.S. wheat ending stocks at 292 million bushels, which would be the lowest in 60 years.

The report projects season-average farm price at $6.45 to $6.85 per bushel, 25 cents higher on each end of the range, reflecting strong cash and futures prices and lower-than-expected hard red winter wheat seedings. The projected range is well above the record of $4.55 per bushel in 1995-96.

Global 2007-08 wheat production is raised 700,000 tonnes. In Russia, production is raised 1.4 million tonnes, but WASDE lowered its production estimate for the European Union (E.U.) by 700,000 tonnes. Global wheat ending stocks for 2007-08 are raised 900,000 tonnes to 110.9 million.

World coarse grain supplies for 2007-08 are projected 1.3 million tonnes lower this month despite an increase of 1.4 million tonnes in beginning stocks. Lower estimates for corn production in the United States (U.S.) and barley production in Russia more than offset higher coarse grain production in E.U.

Global 2007-08 corn production is lowered 2.6 million tonnes, mostly reflecting a reduction in the U.S. Corn ending stocks in the U.S. for 2007-08 are reduced 359 million bushels this month based on lower estimated production and increased feed and residual use. Corn supplies for 2007-08 are lowered 94 million bushels based on lower estimated production.

Global rice production and ending stocks for 2007-08 are raised slightly from a month ago, while trade and consumption are lowered a little. The increase in global rice production is due primarily to an increase in Thailand.

Global ending stocks are projected at 72.5 million tonnes, up 400,000 from last month, down 3 million from 2006-07, and the lowest stocks since 1983-84. The stocks-to-use ratio at 17.1% is the lowest since 1976-77.

Global oilseed production for 2007-08 is projected at a record 389.7 million tonnes, down 1.6 million from last month.
MGR Archive 13.1.2008
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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